This is a table of their nonaccrual loans (aka when performance of a loan is not "reasonably assured"). As you can see the consumer nonaccrual loan book has only declined ~12% y/y while commercial has declined by ~25%.
Sunday, August 28, 2011
The Weak Consumer
I've been reviewing Wells Fargo (WFC) recently as interesting prospective investment (hence the housing analysis yesterday). One of the tables they provide is listed below,which I think reflects the current issue with the U.S. economy. In summary companies have improved but the consumer is still only marginally better.
This is a table of their nonaccrual loans (aka when performance of a loan is not "reasonably assured"). As you can see the consumer nonaccrual loan book has only declined ~12% y/y while commercial has declined by ~25%.
This is a table of their nonaccrual loans (aka when performance of a loan is not "reasonably assured"). As you can see the consumer nonaccrual loan book has only declined ~12% y/y while commercial has declined by ~25%.
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